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Unilever today announced plans to reshape its Foods R&D organisation in Europe in order to further enable differentiated innovation. Foods R&D Europe will be restructured to provide the focus and critical mass that can deliver innovations for both the European and global market.

Unilever NV today announced that it has agreed a settlement with the main parties in the legal dispute over its 1999 Unilever NV Preference Shares. These parties, with whom constructive talks have been held, include the Dutch Shareholders Association, VEB, and several institutional shareholders.

Unilever has taken note of statements made today by Dutch shareholders association VEB and CommonWealth Investments about a possible settlement with regard to the 2005 conversion of preference shares, issued by Unilever N.V. in 1999.

Unilever today announced that it had reached an agreement to sell the majority of its European Frozen Foods business to the Permira Funds for €1.725bn. The deal, which is subject to regulatory approval and a consultative process with the relevant employee works councils, is expected to be completed before the end of the year.